16 Questions
What is the purpose of the Monetary and Credit Information Review (MCIR)?
To disseminate information about new developments and policy initiatives by the Reserve Bank of India
What is the primary focus of Shri Shaktikanta Das' Monetary Policy Statement?
Addressing unexpected events during 2020-2023
What does the Editor aim to achieve through the MCIR communication tool?
Sharing accurate and consistent information, and educating the audience
In which section of the MCIR would one find information related to foreign exchange management?
Section V: Foreign Exchange Management
What is the main objective of the Monetary Policy Statement?
To present the Reserve Bank's stance on monetary policy and its rationale
What was the rationale behind the Monetary Policy Committee's decision to maintain the policy repo rate at 6.50 per cent?
To align inflation with the target while supporting growth
What is the projected CPI inflation for 2023-24 according to the text?
5.4%
What was the reason for the overall tightening of liquidity conditions of the Bank?
Higher currency leakage
What did the Governor emphasize when speaking about prioritizing inflation over growth?
The importance of monitoring food inflation closely
What was the reason for maintaining interest rates amidst uncertainties according to the text?
Global challenges
What contributed to the overall tightening of liquidity conditions of the Bank according to the text?
Higher currency leakage
What caused uncertainties in food prices according to the text?
Late harvest of kharif crops
What contributed to the risks to global growth and inflation outlook according to the text?
"World trade decelerating amidst global tide of protectionism"
What did the Governor remark as important?
"Monitoring the trajectory of food inflation closely"
"Major central banks were maintaining interest rates amidst uncertainties." What was one of the reasons for this action according to the text?
"World trade decelerating amidst global tide of protectionism"
This quiz covers the Monetary and Credit Information Review's Volume XIX Issue 9 from December 2023, including the Governor’s Monetary Policy Statement on December 8, 2023, and sections on Regulation, Payment and Settlement Systems, Fintech, Foreign Exchange Management, Financial Market, Financial Inclusion, Consumer Education and Protection, Publications, and Data Release.
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